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To: Openurmind

If you want to use a silver dollar to buy $1 worth of goods I believe you are already free to do that.


12 posted on 12/01/2019 5:52:15 AM PST by babble-on
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To: babble-on

Sure, and there is no law against a vendor offering spot melt value, or just under spot melt value worth of goods for that silver dollar if they like as an exchange rate against the U.S. Dollar.


13 posted on 12/01/2019 6:22:37 AM PST by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: babble-on

In a barter economy a U.S. silver cartwheel would be worth at least $20 over face value, so it’s not unreasonable to keep a few in the safe. Twenty bucks is a normal amount for trade.

What I don’t understand is hoarding gold these days. How do you turn it into something spendable? Now, during the German hyperinflation holders of gold would hop a train to Switzerland and exchange gold for Swiss francs to spend in Germany (which only made the Reichsmark worth even less).

I mean, will merchants keep scales on the counter for customers who show up with a poke of gold dust like Yukon prospectors? Will they accept fox & beaver pelts in trade?

;^)


23 posted on 12/01/2019 7:32:55 AM PST by elcid1970 ("The Second Amendment is more important than Islam.")
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